CHRISTIAN FELLOWSHIP IN RICHMOND
Latest income
£306k
Latest spending
£53k
Registered
1998
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a significant surplus of £252,885 for the year, largely driven by the sale of a painting and a legacy gift. The trustees confirm the charity is a going concern, supported by unrestricted cash reserves of £334,174 which exceed their stated policy target of £12,000.
What the accounts disclose
Reserves policy: three months of unrestricted expenditure (held: £334k)
“The trustees have determined that the charity should aim to hold unrestricted cash of no less than £12,000 (which equates to about 3 months' of unrestricted expenditure)” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees are also aware that should any unexpected and unforeseen expenditure arise which is greater than the income of the Charity over the next 12 months, it may be necessary to sell some of the grounds of the church property to fund any such expenditure.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Riverbank Trust
“During the year the charity made a grant payment of £500 (2023: £250) to Riverbank Trust. P Reekie, a trustee, is also a trustee of Riverbank Trust.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Olugbenga Adedolapo Ade-Onojobichair
- Joseph Kok Seong Yap
- Joseph Lowther
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £306k | £53k |
| 31/12/2023 | £166k | £289k |
| 31/12/2022 | £52k | £76k |
| 31/12/2021 | £53k | £68k |
| 31/12/2020 | £37k | £85k |
Common questions
Is CHRISTIAN FELLOWSHIP IN RICHMOND financially healthy?
The accounts state that the charity reported a significant surplus of £252,885 for the year, largely driven by the sale of a painting and a legacy gift. The trustees confirm the charity is a going concern, supported by unrestricted cash reserves of £334,174 which exceed their stated policy target of £12,000. Its FY2024 accounts were independently examined.